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Sales and Promotion are essential parts of the marketing mix. While creating an innovative product is important, it is equally crucial to sell and create awareness about the product among customers. Sales and promotions serve as tools to establish the presence of a product in the market and contribute to its endorsement.
There are several reasons why Sales and Promotions activities hold a significant place in the marketing mix and why organizations should invest in them:
The process of sales and promotions aims to achieve three main objectives:
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